Last Thoughts Puerh

How to Buy Puer Tea: The Three Tenets

Tenet One: Walk Before you Can Run. Then Sprint.

How to buy Puer tea might not seem like a topic that needs instruction. Click the pay button and you are done, right?

A lot of new Puer drinkers make a common mistake, which is getting too much tea before they really understand much about Puer tea and their own personal preferences. Your ability to judge other people’s character is like your ability to judge Puer tea. We all begin as novices and improve over time.

The ability of most Puer beginners to judge character is the equivalent of a 12 year old’s ability to judge people. Remember that time you thought you were in love with Susie Johnson in 7th grade? Your puppy love in full swing, when she walked into the room you heard Close to You as the room turned rose colored and began to spin. You were certain that you were meant for each other and destined to get married! Soul mates. You’d move to an island together. Start a family. Build some sort of tree house with a coconut phone and monkey butlers. How’d that work out? In hindsight it is probably better that you (or they) called off the teenage wedding.

2003 Gold Dayi
Gold Dayi from 2003. A tea that is so oft faked and so expensive that it is barely attainable

As time goes on we all improve our ability to discern who is the best fit for us. The same development happens after drinking pot after pot of Puer tea. You date around with some people/samples and start to recognize which traits are meaningful for you and which can be left by the wayside. When you mature into your 20’s or 30’s you begin to realize what you want in a relationship… or what you desire in a pot of tea.

This is the first tenet of buying Puer tea; Walk before you can run. Take a few dates to the movies. Get in a couple of cake-term relationships. Heck, buy a tong [stack of 7 cakes] and move in together, only to realize you have made a horrible mistake and break up with that tong after it cheats on you with your roommate Jeff. Well, hopefully that last part doesn’t happen.

After you finish this dating period, you are ready to move on. You can walk. You understand your own preferences. And now that you are comfortable judging what you like, start sprinting. On to tenet number two.

Tenet Two: Understand the Economics of Puer

A couple of years ago Planet Money recorded a story titled “Why Coke Cost a Nickel for 70 Years“. The story begins “all prices change, that is basic economics…”, but most price changes are gradual. In the case of Coke, there were several decades where Coca-cola prices never shifted. One nickel for a bottle. Even during my lifetime, the price of Coke has remained relatively stable. Coke is a reproducible product with seemingly no limit in terms of scale of production. Factories all over the world crank out as much Coke as the clamoring masses will consume, the more the better.

Gushu
The trunk of a mighty old arbor tea tree (Laoman’e, Spring 2014)

The seemingly infinite supply of Coke is in stark contrast to gushu [old arbor] Puer tea and aged Puer tea. Old arbor Puer trees need a hundred years or more to become mature and develop deep root structures. Aged Puer has a supply that dwindles as the years pass by. For example, If an initial 100 ton production of Puer tea sells half of its stock each year for the first ten years, by the tenth year there will be scarcely enough tea left to distribute to retail, not to mention the value will usually will have risen far beyond its initial market price. When we start discussing even smaller productions of 100 kilograms, purchasing almost has to occur when the production is first released, lest the opportunity to buy be lost and gone forever.

Now, which teas legitimately have a limited supply and which do not? This is a rich topic for a separate article, but there are two major categories of teas which will not be around in abundance; gushu teas and aged teas.

For example, most of the white2tea productions from 2014 were under 20 kilograms. Some of the teas are already gone. Aged teas, such as some of the smaller production teas sold on our website two years ago have tripled in price or become sold out altogether.

Tenet two can be summed up in one sentence; The better the material or the older the tea, the faster the buyer should take action. This brings us to the third tenet.

Tenet Three: Hit it Hard

Last year an article written by Marshaln called “Hit it Hard with a Hammer” hit the nail on the head. (har har) Marshaln laments the fact that he had not purchased some of the teas he loved back in 2006, and then goes on to describe how he learned his lesson and picked up 50 tuos [nest shaped tea] of a bargain tea that he stumbled upon. This exchange in the comments sums it up nicely:

Marshaln_Hammercomment

The last sentence of the reply is the key. “This is something you learn only after drinking tea for awhile.”

The only real problem I have with Marshaln’s article is that a hammer seems like an inadequate weapon. Puer drinkers need to bring out the artillery when they find a tea that speaks to them.

Fu Hai 7576
Fuhai 7576

There are many examples of this phenomenon, but as an anecdotal case study, let’s look at this 2003 Fuhai 7576 Ripe Puer tea. The Fuhai 7576 sold on the White2tea site between 2012-2013 for $37 a cake. Since then, an innumerable amount of e-mails have flooded into my inbox asking for this tea, but alas, it is gone. The current market price for this tea is over $70 (in China, on Taobao from a 3 crown vendor – whatever that even means anymore) and that is before we mention that the market has since been doused with a hefty amount of fakes of the Fuhai ripes from that era, both red and yellow mark variety.

When the disappointed (and sometimes angry) e-mails get replied to, I try to use measured courtesy and sympathy; but what I will write in the future is You should have tenet 3’d!. Teas like the Fuhai 7576, which was in its 10th year of age at that point, will not be around forever. Quality teas are continuously being consumed by thirsty drinkers and hoarded by wise collectors. Should you happen upon a tea like this, find its traits to your liking, and have the financial capacity, buy it in bulk. One cake is not bulk. Hell, even a tong is not bulk. If you drink a lot of Puer, how long will a tong last?

Put another way, if you surveyed a group of veteran Puer drinkers and asked, “Given what you now know about the price of gushu Laobanzhang, if we had a time machine and could go back to 2009 to buy some quality Laobanzhang, how much would you buy?” or “Given what you know now about the 88 Qingbing price, how much would you buy in the year 2001?” The answer would not be a cake. And the answer would not be a tong. The answer would probably involve the words second and mortgage.

When you finish the cake that you loved, you can’t go grab another one off the shelf like a Coca-cola. If you manage to find the cake, the price tag will be very disappointing, and that is if the shelf isn’t empty.

Let’s end with a sage quote that concisely sums up how to purchase Puer tea:

“A cake is a sample.” –  Ouch, moderator from the Badger and Blade forum

And to go a step further, a tong is a cake. Hopefully these words won’t fall on deaf ears and new puer drinkers can learn from the venerable wisdom of mistakes made in the past.

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